All things considered, time is our greatest asset. In fact, time is far more valuable than money. While money can be spent and earned, time can only be used up but just once. After that time has passed, it’s gone forever. You can never physically relive that moment again. This is why passive income is so important — because it gives you the freedom of time. When you’re less shackled by the necessity to earn just to meet your monthly financial obligations, you have the freedom of time. Investing in rental properties is an effective way to earn passive income. But it often requires more work than people expect. Take the time to learn how to make it a profitable venture. Opportunity: To earn passive income from rental properties, you must determine three things:
- How much return you want on the investment.
- The property’s total costs and expenses.
- The financial risks of owning the property.